[Sixstrings]

$this->bbcode_second_pass_quote('', 'W')ASHINGTON: Treasury Secretary Timothy Geithner will discuss economic stability, financial investment and building up infrastructure with Indian officials when he visits India next week, a U.S. official says.

Geithner will meet with Indian Prime Minister Manmohan Singh and take part in the first meeting of a new U.S.-Indian economic panel in the capital New Delhi and also will visit Mumbai, the financial center, a senior Treasury Department official said Wednesday.

The vice chairman of the Federal Reserve, Donald Kohn, also will be on the trip. The April 6-7 visit is part of a U.S. effort to deepen the relationship with India, the world's largest democracy and most stable U.S. ally in a hostile corner of the globe.
http://economictimes.indiatimes.com/articleshow/5748950.cms

[Loki]

$this->bbcode_second_pass_quote('Sixstrings', 'd')oes anyone on this forum still think that US investment in India will result in more US jobs?

[Tyler_JC]

In 1999, US exports to India were 3.68 billion and imports from India were 9.07 billion. The trade deficit with India was 5.38 billion.

By 2005, US exports to India had increased to 7.91 billion while imports had increased to 18.8 billion. The trade deficit was 10.89 billion.

In 2009, US exports to India had increased to 16.46 billion while imports had increased to 21.18 billion. The trade deficit was 4.71 billion.

http://www.census.gov/foreign-trade/balance/c5330.html(Source)

Since 1999, US exports to India have surged by a compound annual growth rate of 16%! This includes the impact of the last recession. The trade deficit between the two countries shrank.

I'd call that a success, wouldn't you?

The biggest exports to India were fertilizers, chemicals, minerals, transportation equipment and aircraft.

[Sixstrings]

$this->bbcode_second_pass_quote('Tyler_JC', '[')b]I'd call that a success, wouldn't you?

The biggest exports to India were fertilizers, chemicals, minerals, transportation equipment and aircraft.

[Loki]

$this->bbcode_second_pass_quote('Tyler_JC', '
')Since 1999, US exports to India have surged by a compound annual growth rate of 16%! This includes the impact of the last recession. The trade deficit between the two countries shrank.

I'd call that a success, wouldn't you?

The biggest exports to India were fertilizers, chemicals, minerals, transportation equipment and aircraft.

[americandream]

The Chinese shafted the Soviets up the behind. You reckon they gonna do any better for the US? Now, whilst I am no lover of capitalism, I happen to have a special place reserved for the loathing and distrust those renegades in Beijing arouse in me. I don't think the Indians come anywhere near those Maoists when it comes to high wire deceit.

[Sixstrings]

$this->bbcode_second_pass_quote('', 'W')ASHINGTON (AP) - Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is growing faster than the Obama administration expected.

He tells NBC's "Meet the Press" that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent.

Geithner says there's more confidence in the business world, and he says the private sector is growing. He also says people are spending more.

He said he sees encouraging signs that should make Americans confident the country will emerge stronger.
http://apnews.myway.com/article/20100418/D9F5FCBO1.html

[Plantagenet]

$this->bbcode_second_pass_quote('Sixstrings', '
')
What am I missing here? Can we really just accept 20% unemployment / underemployment and call that a recovery?

[mos6507]

$this->bbcode_second_pass_quote('Sixstrings', '
')What am I missing here?

[Fishman]

You're not missing anything, You take a few positive points of data, spin it to make your disaster look better. Look at more data like you have and you see the disaster still ongoing.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('', 'W')ASHINGTON (AP) - Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is growing faster than the Obama administration expected.

[gnm]

$this->bbcode_second_pass_quote('Sixstrings', 'W')hat am I missing here? Can we really just accept 20% unemployment / underemployment and call that a recovery?

[gnm]

deleted dupe

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Sixstrings', ' ')Can we really just accept 20% unemployment / underemployment

[dsula]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')However, this implies living on half a "good to great" salary (and lower taxes would help) in exchange for lots more free time, less stress, and possibly better health as a consequence. Try getting most Americans to accept THAT. In fact, try getting most American employers to accept that.

[Ludi]

$this->bbcode_second_pass_quote('dsula', '
')Engineers/scientist make a good salary because they are scarce. Do you know how hard it is to find a good engineer? Now try to find twice that many with your job sharing idea. Also an engineer/scientist task can not easily be shared or efficiency drops quickly.

[Sixstrings]

This article isn't breaking news (4/7), but illuminating nonetheless.

$this->bbcode_second_pass_quote('', '[')b]The US government has vowed not to harm India’s IT outsourcing sector as it battles to create jobs at home in the worst labour market since the Great Depression of the 1930s.

Tim Geithner, US Treasury secretary, said during a two-day visit to India that protectionist measures to prevent jobs from migrating outside the country would do more harm to the US than good.

“We are not going to go down that path,” promised Mr Geithner. “We know that it would make us weaker, not stronger.” He also said that the administration of Barack Obama, president, would not seek to curb the investments of US companies overseas as “our fortunes are tied with the world”. There have been proposals to trim the tax privileges of US companies that operate internationally.

“American companies are long in the world,” Mr Geithner told Indian business leaders at a discussion hosted by the Confederation of Indian Industry.

“They are good at what much of the world needs. A huge part of the basic economic challenge we face is to give stronger in- centive for private investment, help support innovation and try to make sure there is more investment and stronger exports globally.”

Mr Geithner said Mr Obama was “deeply committed” to trying to build a consensus among Americans for more open trade to support the recovery.

“We have got the worst labour market since the Great Depression,” the Treasury secretary said. “Most Americans are still going through an incredibly difficult economic series of challenges and yet we’ve been very successful in working to keep our markets open under all that pressure.”

IT outsourcing, which is heavily dependent on business from the US, is one of India’s flagship economic sectors. Companies such as Tata Consultancy Services, Infosys and Genpact helped propel the economy to growth rates of 9 per cent before the global financial crisis and was responsible for creating 45 per cent of new jobs over the past 10 years.
http://www.ft.com/cms/s/0/370f8d52-421b-11df-9ac4-00144feabdc0.html

[jdmartin]

$this->bbcode_second_pass_quote('Sixstrings', '
')And so, this is going to be my last thread on globalism (I promise to try anyway). It's just hopeless to even bring this up anymore.. there is no turning this ship around, the jobs have gone, and our secretary of the treasury (speaking in India, no less) has made it perfectly clear it's the position of the United States government that this bloodletting of American jobs shall continue.

[Sixstrings]

$this->bbcode_second_pass_quote('', 'T')reasury Secretary Timothy Geithner acknowledged that it is still a "tough economy" for most Americans, and warned it's possible the unemployment rate will go up for a couple of months before it comes down as more people enter the labor force.

"When they see a little hope that there may be jobs out there, they start to come back in again. And that can cause the measured unemployment rate to go up — temporarily," Geithner told "Good Morning America's" George Stephanopoulos in an exclusive interview.
http://abcnews.go.com/GMA/treasury-secretary-timothy-geithner-unemployment/story?id=11308157

[efarmer]

Could, may, might, possibly, on the other hand, in some cases, based on past experience, often times.

Before anything tangible happens news people have to ask questions to fill time and talking heads have to give them answers.

The people who were caught flat footed by the meltdown are fortune telling for other people who sell periodical trivia when they can't find any news.

Our financial system shot off into the weeds, we bet the farm on putting it back on the trail as close to where it was when it was under control the last known time and then waiting to see what happens.